Popular cryptocurrency analyst Altcoin Sherpa maintains a positive outlook on Fartcoin (FARTCOIN), which has gained over 4,000% in value in the last two months. In statements made to his 236,500 followers on the social media platform X, he noted that purchases of this meme coin are ongoing. Sherpa mentioned, “I am spreading my purchases across various levels and trying to keep my average price below $0.80.”
Fartcoin Performance and Buying Strategy
Sherpa revealed that his purchases of Fartcoin are concentrated at price levels of $1, $0.80, and $0.65. It is known that the analyst aims to keep his average cost below $0.80. At the time of writing, Fartcoin was trading at $0.81. Launched at the end of October, this meme coin experienced a swift value increase of 4,000%. However, it faced an 11% decline in the last 24 hours and currently ranks 136th by market capitalization.
In evaluating Fartcoin’s popularity, Sherpa commented, “It stands out as a perfect meme. It targets many positive narratives but feels like an overly obvious opportunity. Nevertheless, I am increasing my purchases.” His comments highlight both the potential gains and risks associated with Fartcoin.
Ongoing Uncertainty Regarding Ethereum
Regarding Ethereum (ETH) 
$3,596, Sherpa adopts a cautious approach. He indicated that if Bitcoin (BTC) 
$98,191 surpasses significant price levels, Ethereum may also experience a decline. “ETH could be the key to the altcoin season, but there is currently no clear signal. If BTC breaks critical levels, ETH will drop further. Patience is necessary,” he stated.
The popularity of meme coins in cryptocurrency markets continues to rise. However, experts caution that these assets can experience both rapid value gains and sudden losses. Fartcoin’s recent performance raises questions due to its volatility while attracting attention. Investors are advised to carefully evaluate the associated risks.
